KMG Chemicals, Inc. (NYSE:KMG) – Equities research analysts at Gabelli raised their FY2018 earnings per share estimates for KMG Chemicals in a report released on Wednesday. Gabelli analyst R. Morbelli now anticipates that the specialty chemicals company will earn $3.25 per share for the year, up from their prior estimate of $2.80. Gabelli also issued estimates for KMG Chemicals’ FY2019 earnings at $3.65 EPS and FY2020 earnings at $4.05 EPS.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.20. The firm had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. KMG Chemicals’s revenue was up 44.7% on a year-over-year basis.

Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Thursday. KeyCorp restated a “buy” rating and set a $70.00 target price (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.00.

KMG Chemicals (KMG) traded up $2.62 during trading on Friday, hitting $65.08. The stock had a trading volume of 720,096 shares, compared to its average volume of 192,989. The firm has a market cap of $960.16, a price-to-earnings ratio of 23.84 and a beta of 0.55. KMG Chemicals has a 52 week low of $36.29 and a 52 week high of $66.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in KMG Chemicals in the 2nd quarter valued at approximately $105,000. Legal & General Group Plc lifted its stake in KMG Chemicals by 23.2% in the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in KMG Chemicals by 59.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock valued at $128,000 after acquiring an additional 981 shares in the last quarter. Victory Capital Management Inc. bought a new stake in KMG Chemicals in the 3rd quarter valued at approximately $155,000. Finally, Hodges Capital Management Inc. bought a new stake in KMG Chemicals in the 3rd quarter valued at approximately $221,000. Hedge funds and other institutional investors own 56.20% of the company’s stock.

In related news, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $49.15, for a total value of $147,450.00. Following the completion of the transaction, the insider now directly owns 1,568,097 shares in the company, valued at approximately $77,071,967.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $50.67, for a total value of $456,030.00. Following the completion of the transaction, the insider now owns 1,559,097 shares of the company’s stock, valued at $78,999,444.99. The disclosure for this sale can be found here. Insiders sold a total of 216,000 shares of company stock valued at $11,664,090 over the last quarter. 6.10% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a $0.03 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. KMG Chemicals’s dividend payout ratio is presently 6.28%.

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About KMG Chemicals

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

Earnings History and Estimates for KMG Chemicals (NYSE:KMG)

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